Abstract:At present the national income numbers is a matter of controversy. There is no unambiguous
picture of income in our country. No serious policy decision is possible without a clear idea of
income and expenditure. Even if the new income calculations are assumed to be correct, the fact
is that growth is slowing down. The revised new estimates show that the growth rate in 2016-
2017 was 8.2% and that in 2018-2019 it was 7%. Therefore, accelerating economic growth must
be on the top of agenda of the new government, at least to keep the minimum pace of the
economy which satisfies the minimum expectations and dreams of 1.3 billion of people in this
largest democracy. For realizing this, higher investment rate is required. It is true that for a short
period, growth may be realized out of better utilization of existing capacity. But in the long-run
the ratio has to go up substantially for remarkable growth.

The International Journal of Social Science and Economic Research Inviting Papers/Articles for Current Issue Volume 4 No. 9 September 2019.
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